ECM.L Share News (ECM)

FTSE 250 movers: Ibstock retreats as Pets at Home accelerates

(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b

RBC upgrades Electrocomponents on improvement potential

(ShareCast News) - RBC Capital Markets upgraded Electrocomponents to 'sector perform' from 'underperform' and lifted the price target to 270p from 185p, saying downside is limited. The Canadian bank pointed out that full-year results were around 3% ahead of its forecasts, with a better performance o

Broker tips: Barclays, Melrose, Electrocomponents

(ShareCast News) - Exane BNP Paribas upgraded Barclays to 'outperform' from 'neutral' and lifted the price target 19% to 220p, having already upped the stock two weeks ago, saying things were looking brighter and the fog is lifting. Exane said Barclays' decision to cut the dividend and sell the Afri

Electrocomponents profits fall but new year trading positive

(ShareCast News) - Distribution group Electrocomponents said full-year pre-tax profits fell 63.7% to £34.9m due to an exceptional restructuring charge of £41.9m, although it added that underlying sales growth in the first six months of the new year had risen 3.5%. Revenues were up 2% to £1.3bn. UK r

Electrocomponents Profit Sinks On Costs As Revenue Edges Higher

Wednesday broker round-up

(ShareCast News) - Electrocomponents: Credit Suisse upgrades to neutral with a target price of 250p. Telecom Plus: Berenberg Bank downgrades to hold, 250p target. Informa: Berenberg Bank maintains hold with a target price of 725p. ITV: Credit Suisse reiterates outperform with a target price of 310

Broker tips: Electrocomponents, Tesco, Serco

(ShareCast News) - Electrocomponents rallied as Numis upgraded its price target to 295p from 275p and reiterated its 'buy' rating on Monday following a trading update. The company said it expected full year profits to hit the top end of market expectations after a solid fourth quarter in which the U

Numis lifts Electrocomponents target price

(ShareCast News) - Electrocomponents rallied as Numis upgraded its price target to 295p from 275p and reiterated its 'buy' rating on Monday following a trading update. The company said it expected full year profits to hit the top end of market expectations after a solid fourth quarter in which the U

London pre-open: Stocks seen lower on weak US and Asian cues

(ShareCast News) - London stocks were set for a weaker open on Tuesday, taking their cue from downbeat US and Asian sessions. The FTSE 100 was seen opening 21 points lower than Monday's close at 6,141. Meanwhile, oil was is expected to stay under pressure. "Oil is likely to remain volatile though

Electrocomponents profits to hit top end of forecast range

(ShareCast News) - Electrocomponents said it expected full year profits to hit the top end of market expectations, following a solid fourth quarter in which the UK recovery gained pace. Encouragingly, third-quarter declines in North America eased off and continental Europe remained on the charge to

Electrocomponents Headline Profit To Hit Upper End Of Market View

Rupert Soames retiring from Electrocomponents board

(ShareCast News) - Electrocomponents announced the retirement of Rupert Soames as non-executive director on Thursday. The FTSE 250 company said Soames had served on the board for nine years. It confirmed he was stepping down after the next Annual General Meeting. "The board would like to express i

DIRECTOR DEALINGS: Electrocomponents Chairman Ups Interest

Director dealing: Paddy Power co-founder cashes in some shares

(ShareCast News) - Directors in the newly merged Paddy Power Betfair (PPB) continue to take profits after the sealing of the deal. Following the sale by group chief executive Breon Corcoran last week, Paddy Power co-founder Stewart Kenny pocketed almost €2.6m after selling 27,000 shares at €120.38

DIRECTOR DEALINGS: Electrocomponents Finance Boss Buys First Shares